Wishing you all a very happy Ugadi and wishing the year ahead be filled with all the rich flavors of life :)
A good news welcomed me today on the occassion of Ugadi, which read that Obama saying that return of outsourced jobs back to US is not good for them, which in layman terms means that the jobs which were outsourced due to the cost advantage would stay back in India and possibily more such jobs would come to India. The fears of seeing a cut in outsourcing of jobs which require low wages and low skills, would continue to be moved and its good news for the processing outsourcing industry and the likes.
But having said this, the impact on the IT outsourcing would be visible and India should start moving towards high end services and consulting work. As US readies itself to build its skilled labor and educate its people, India should this as an advantage and be the early mover. Obama identifies building solar panels or wind turbines or the new biofuel as the industries of the future, where he would be focussing on job creation which would mean higher skilled, higher value and higher paying jobs.
We should also look at our education system and try and put focus on these new industries which we see as the next growth areas. With these measures, I feel India would bounce back faster than expected and our economy would again show signs of improvement, but would be a mature market.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment